Fundraising Fox

Sands Capital Ventures

Crossover fund

Arlington · Seed–Late Stage · 81 people tracked

Also known as SANDS CAPITAL ALTERNATIVES, LLC · SANDS CAPITAL HORIZONS, LLC · SANDS CAPITAL MANAGEMENT, LLC

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Investment thesis

Sands Capital follows a concentrated growth investment approach centered on owning a select number of high-quality businesses. Its strategies selectively allocate capital to leading public and private companies across the growth spectrum globally, with recent thematic focus on AI infrastructure, semiconductors, power and energy, and regional opportunities such as China and Korea. The firm emphasizes long-term value creation, prudent stewardship, and enduring partnerships with clients.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Late Stage
Check
$10M – $30M
HQ
Arlington, Virginia, US
Instruments
Equity
Founded
1992
Last 12 months
6 investments
AUM
$44.3B
Tracked investments
31

Team · 81 people

from the firm's website & curated & public directories
Andrew P. Giordano· Executive Managing Director, Client Relations and Business Developmentin
Dana M. McNamara· Chief Administrative Officer, Executive Managing Directorin
Jamey Thompson· Partner and Portfolio Manager, Sands Capital Horizons
Kumar Gautam· Partnerin
Marina Serenbetz· Partnerin
Michael Clarke· Managing Partner, Portfolio Manager
Michael J. Ginder· Partnerin
Spencer M. Wheeler, Jr.· Partner and Portfolio Manager, Sands Capital Horizons
Stephen F. Nimmo· Executive Managing Director, Business Development and Client Relationsin
T. Perry Williams· President, Chief Investment Officer
Ian Ratcliffe· Executive Managing Partnerin
Aagam Shah· Principalin
Amanda Golden· Sr. Associatein
Ashley N. Patton· Sr. Stewardship Analystin
Benjamin H. Betcher· Portfolio Manager, Sr. Research Analyst
Danielle Menichella· Portfolio Manager, Sr. Research Analystin
Emily Ciccarello· Career Contactin

Contact for career inquiries at Sands Capital.

Jerry Peng· Global Strategy Officer
Jerry Wang· Research Associate
Jery Tang· Sr. Research Associatein
Jessica Sun· Research Analyst
Joseph R. Andrasko· Chief Executive Officer and Chief Investment Officer, Sands Capital Horizons
Katherine Bates· Research Analyst
Kelly L. Rogal· Sr. Research Analyst
Kshitij Seth· Associatein
Luke Iglehart· Consultant Contact

Contact for consultant inquiries at Sands Capital.

Matt Alsted· Media Contact

Contact for media inquiries at Sands Capital.

Matthew Buckley· Research Analyst
Morgan Fleites· Chief of Staff and Director, Client Advisory, Sands Capital Horizonsin
Morgan Lee· Director, Sr. Counselin
Namita Kumari· Associate, Technical Researchin
Padmaparna Chaudhuri· Director of Technical Researchin
Philip J. Caraci· Portfolio Specialist
Sam Stalfort· Research Associatein
Stephen Nimmo· Investment Contactin

Contact for investment inquiries at Sands Capital.

Susan H. Saunders· Director of People Operations and Development
Thomas H. Trentman· Sr. Portfolio Manager, Research Analyst

Senior portfolio manager who analyzes signs of potential market bubbles, including in AI.

What they invest in

from 25 of 31 portfolio companies

AI & Machine Learning ×11Healthtech ×8SaaS ×7Biotech ×5Digital Health ×5Enterprise Software ×5Cloud Computing ×4Developer Tools ×4

HQs:United States×16Germany×1Ireland×1

Investments · 31 tracked

founders shown can be your intro path

By year:2026 · 42025 · 32024 · 42023 · 22020 · 12015 · 216 dated

MercadoLibreNASDAQ: MELI

Latin American e-commerce and fintech platform expanding access to markets and money for millions.

Red Siftredsift.comin𝕏✓ verified

Red Sift is a cybersecurity company whose founders previously built email security and mobile products.

CybersecurityEnterprise SoftwareSaaS

Rahul Powar(Founder & CEO)Randal Pinto(Co-founder & COO)

Co-investorsHighland EuropeEntrée CapitalIn-Q-TelMMC VenturesSalica InvestmentsWhite Star Capital

Hungry Marketplace, Inc.Jun 2024SEC filingmedium confidence

Arlington, US

Board seatMichael Graninger· per SEC Form D · $7.3M raise · filed Jun 2024

SeLux Diagnostics, Inc.seluxdx.comOct 2020SEC filingmedium confidence

BiotechCharlestown, US

Eric Stern(Executive Officer, Director, Promoter)Aleksandar Vacic(Executive Officer, Promoter)James Parker Cassidy(Director)Scott Yaphe(Director)Steven E. Lufkin(Executive Officer, Director)Michael Rubin(Director)

Board seatStephen P. Zachary· per SEC Form D · $1.7M raise · filed Oct 2020

AppDynamicsappdynamics.comin𝕏Oct 2015Acquired

AppDynamics (now part of Splunk Observability) provides full-stack observability and application performance monitoring for hybrid, on-premises, and multi-tier applications, helping enterprise teams troubleshoot performance and security issues linked to business impact.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Jyoti Bansal(Co-Founder & Chief Executive Officer (2008–2015); Founder & Chairman (2015–2017))inBhaskar Sunkara(Co-Founder & Director of Engineering (2008–2014); Chief Technology Officer (2014–2019))David Wadhwani(President & Chief Executive Officer)inRandy S. Gottfried(Executive Officer)Daniel J. Wright(Senior Vice President and General Counsel)Randy Gottfried(Chief Financial Officer)

Co-investorsBattery VenturesCross Creek AdvisorsFounders Circle CapitalGeneral AtlanticGreylock PartnersHarmony Partners+5 more

Avitideavitide.cominacquired by Repligen

Advanced ManufacturingBiotechHardwareLebanon, US

Tillman Gerngross(Director)Warren Kett(Executive Officer)Jon Sheller(Executive Officer)Kevin Isett(Executive Officer, Director)Jonathan Sheller(Executive Officer)Errik Anderson(Director)

Co-investorsOrbiMedSV Health InvestorsMithril Capital ManagementSV Life Sciences

Basebase.clubin𝕏Aug 2026 · $1B

Base is a membership community that organizes curated in-person gatherings—small "Circles" of eight and larger "Experiences" such as socials, art tours, and expert-led events—for accomplished, curious adults primarily aged 35 to 70.

ConsumerMarketplacesSocial

Co-investorsConnetic VenturesGeek VenturesTetradAdditionAltimeter CapitalAndreessen Horowitz+8 more

Basetenbaseten.coin𝕏Jun 2026 · $1.5B

Baseten provides AI inference and infrastructure services that optimize model deployment, serving, and orchestration across the full stack.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

Tuhin Srivastava(CEO and Co-Founder)inAmir Haghighat(CTO and Co-Founder)inPhil Howes(Co-Founder & Chief Scientist)inPankaj Gupta(Co-Founder)inPhilip Howes(Co-Founder and Chief Scientist)inDanielle Herzberg(Executive Officer)

Co-investors01 AdvisorsAI FundAlpha PartnersAspire11Athletic VenturesBattery Ventures+23 more

Basetenbaseten.comin𝕏

Baseten provides infrastructure and tooling for high-performance AI model inference, letting teams deploy open-source, custom, and fine-tuned models with optimizations for image generation, transcription, text-to-speech, LLMs, and embeddings.

AI & Machine LearningCloud ComputingDeveloper Tools

Amir Haghighat(Founder)in

Co-investorsHorizonAltimeter CapitalCapitalGConvictionIVP (Institutional Venture Partners)NVIDIA+1 more

Brightflagbrightflag.comin𝕏

Brightflag provides an AI-powered enterprise legal management platform for corporate legal departments and outside counsel to collaborate, manage work and spending, and improve operational efficiency.

AI & Machine LearningEnterprise SoftwareFintechLegalTechDublin, IE

Ian Nolan(Co-founder)inAlex Kelly(Co-founder)in

Co-investors500 GlobalFrontline Ventures

Chroniclechroniclehq.comin𝕏

Chronicle is a presentation software tool that provides templates and automated design to help teams build branded, consistent decks for product launches, roadmaps, board meetings, and stakeholder updates.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Co-investorsAccelSquare Peg CapitaliSeedPatronPoint72 Ventures

Chroniclechronicle.studioin

Chronicle Studios operates an agentic AI platform that uses audience analytics (its CultureDB) and audience simulation to automate social media strategy, content optimization, cross-platform distribution, and audience discovery for creators, studios, and brands.

AI & Machine LearningCreator EconomyMedia & EntertainmentLos Angeles, US

Aaron Sisto(Founder)inScott Greenberg

Co-investorsPoint72 VenturesTranspose Platform ManagementZ Venture CapitalAccelPatronStrobe Ventures

Codoxo websitecodoxo.comin𝕏Dec 2025 · $35M

Codoxo builds a generative AI-driven Unified Cost Containment Platform for healthcare payers, government agencies, and pharmacy benefit managers to improve payment integrity and detect fraud, waste, and abuse.

AI & Machine LearningHealthtechSaaS

Musheer Ahmed(CEO & Founder)in

Co-investorsBrewer Lane VenturesEcho Health VenturesGRA VentureQED InvestorsCVS Health VenturesWest Capital+1 more

Databricksdatabricks.comin𝕏Dec 2024

Databricks provides a unified platform for data engineering, analytics, and artificial intelligence, enabling organizations to build and deploy data and AI applications on cloud infrastructure.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US

Ali Ghodsi(Co-founder & CEO)inIon Stoica(Executive Officer, Director, Promoter)Matei Zaharia(Executive Officer, Director, Promoter)inReynold Xin(Founder)inPatrick Wendell(Founder)inAndy Konwinski(Founder)in

Co-investors137 VenturesA.Capital VenturesAglae VenturesAlkeon InnovationAltra VentureAmplify Partners+71 more

Delta Electronics

Helps customers use electricity more efficiently across data centers, factories, transportation, commercial buildings, and telecommunications networks.

Elephas Bioscienceselephas.cominNov 2025 · $40M

Elephas develops elive, a live-tissue platform technology that predicts immunotherapy response in cancer patients by measuring real-time immune activity in intact tumor tissue.

BiotechDigital HealthHealthtechMedical DevicesMadison, US

Jonathan Oliner(Executive Officer)inManeesh K. Arora(Executive Officer, Director, Promoter)Maneesh Arora(Founder)inMichelle B. Arora(Director)Terrence P. Brady(Executive Officer)

Co-investorsARCH Venture PartnersNorthpond Ventures

Flockflockshop.aiinAug 2026

Flockshop provides AI-generated product imagery that lets online shoppers visualize items on themselves or on matching models while keeping a brand's styling and aesthetic consistent.

AI & Machine LearningE-commerceRetail TechSaaS

Manvitha Mallela(Founder)in

Co-investorsDorm RoomRed Swan VenturesThe MBA FundWork-BenchAndreessen HorowitzBedrock Capital+7 more

FPT

Vietnamese company using education to drive digital transformation and human-capital development.

Hawkhawk.aiinApr 2025 · $56M

Hawk provides an AI-powered financial crime and compliance platform for banks, financial institutions, and regulated entities, covering anti-money laundering, sanctions and watchlist screening, and fraud prevention.

AI & Machine LearningCybersecurityFintechMunich, DE

Tobias Schweiger(Co-Founder & CEO)inWolfgang Berner(Co-Founder & Chief Product Officer)in

Co-investorsDN CapitalPICUS CAPITALBlackFin Capital PartnersMacquarie Capital

HealthSnaphealthsnap.ioinFeb 2024 · $25M

HealthSnap provides digital health and medicine solutions, though the page content does not specify the exact product offering or target customer type in sufficient detail.

Digital HealthHealthtechSaaSMiami, US

Wesley Smith(Director)Samson Magid(Executive Officer, Director)Yenvy Truong(Executive Officer, Director, Promoter)Chase Preston(Executive Officer, Director)Misha Kerr(Executive Officer, Director)

Co-investorsComcast VenturesFlorida FundersSoundboard Venture FundAcronym Venture CapitalAsclepius TriAgenics

Inspirnainspirna.comin𝕏

Inspirna is a clinical-stage biopharmaceutical company developing first-in-class cancer therapeutics, including oral small molecules and biologics that target newly discovered drivers of metastasis in common cancers such as colorectal, non-small cell lung, and endometrial cancer.

BiotechHealthtechNew York, US

Co-investorsSofinnova PartnersStart CapitalVivo CapitalNovo Holdings

K2k2space.comin𝕏

K2 Space designs and builds satellite hardware and subsystems — including power, propulsion, autonomy, thermal, and structures — for space missions such as multi-orbit constellations, deep space relay, and large-scale observatories.

Deep TechHardwareSpace Tech

Karan Kunjur(CEO, Co-Founder)inNeel Kunjur(CTO, Co-Founder)

Co-investorsAlpine Space VenturesCapitalGFirst Round CapitalICONIQKleiner PerkinsPathbreaker Ventures+10 more

Keebler Healthkeebler.healthinApr 2026 · $16M

Keebler Health, founded in 2023, is a healthcare company focused on improving efficiency and efficacy in the healthcare industry.

AI & Machine LearningDigital HealthHealthtech

Isaac Park(CEO)inAndrew Stickney(COO)inKevin Hill(CTO)inTerrell Bacchus(CMO)in

Co-investorsFlare Capital PartnersHypothesisNew Stack VenturesPrimordial VenturesTau VenturesEverywhere Ventures+7 more

Kitkit.comin𝕏

Kit provides email marketing and commerce tools for creators and independent businesses to reach audiences and monetize their work through newsletters and storefronts.

Creator EconomyMarketing TechSaaS

Nathan Barry(Founder + CEO)in

Co-investorsAUTHENTIC VENTURESBrighter CapitalExpaMission Bay CapitalMission BiocapitalWAGMI Ventures+1 more

Lima Charlielimacharlie.ioin𝕏Feb 2024

LimaCharlie provides security infrastructure for MSSPs and enterprise security teams, using AI "agentic operators" that connect to clients' existing tools via API to automate queue work such as email quarantine, endpoint approvals, DLP violations, and alert triage.

AI & Machine LearningCybersecuritySaaS

Co-investorsHumba VenturesIronGate Capital AdvisorsStoneMill VenturesStrategic Cyber VenturesStreamlined VenturesCoFound Partners Venture+3 more

Luminoahluminoah.cominJun 2023 · $6M

Luminoah is a medical technology company developing a connected enteral nutrition (tube feeding) system that combines a compact smart pump with a mobile app to track feeding data.

Digital HealthHealthtechMedical DevicesCharlottesville, US

Neal Piper(Founder & CEO)Joseph Neal Piper(Executive Officer, Director)Joseph Andrasko(Director)Brian Bergeron(Executive Officer)

Co-investorsLighthouse Network Ventures LlcVirginia Venture Partners

MuleSoftmulesoft.comMay 2015Acquired

MuleSoft is a San Francisco enterprise software company providing integration, API management and automation via its Anypoint Platform.

San Francisco, US

Ross Mason(Executive Officer, Director)Gregory G. Schott(Executive Officer, Director)Matthew Langdon(Executive Officer)Robert Horton(Executive Officer)Greg Schott(Executive Officer, Director)Michael DiFilippo(Executive Officer)

Co-investorsCanvas VenturesCategory VenturesHummer Winblad Venture Partners (HWVP)IVP (Institutional Venture Partners)Lightspeed Venture PartnersLumia Capital+10 more

Nucleixnucleix.comin𝕏

Nucleix develops liquid biopsy and molecular diagnostic tests for early cancer detection, including its Bladder EpiCheck test for bladder and upper tract urinary cancer and a blood test in development for early-stage lung cancer.

BiotechHealthtechMedical Devices

Co-investorsGefen CapitalOrbiMedRA CapitalBlackRockLilly Asia VenturesLYFE Capital

Papercuppapercup.cominAcquired

London-based AI dubbing company whose synthetic-speech technology translated video into other languages; IP acquired by RWS in 2025.

Jesse Shemen(Founder)in

Co-investorsGMG VenturesMercuri.vcOctopus VenturesBDMIEntrepreneur First

pgEdgepgedge.comin𝕏

pgEdge provides a platform for building, deploying, and running highly distributed database applications across global networks using PostgreSQL.

Cloud ComputingData & InfrastructureDeveloper ToolsAlexandria, US

Phillip Merrick(CEO and Co-Founder)inDenis Lussier(Director)Dave Page(Chief Technology Officer)in

BoardBenjamin Fried(Director)inGene Riechers(Director)in

Co-investorsRally Ventures Management, LlcGrotech Ventures

SafeRide Healthsaferidehealth.cominOct 2023

SafeRide Health provides non-emergency medical transportation (NEMT) through a technology platform and a nationwide network of transport and rideshare providers, connecting patients — largely Medicare Advantage and Medicaid members — to healthcare appointments.

Digital HealthHealthtechMobility & Transportation

Co-investorsBonfire VenturesFCA Venture PartnersFresenius Medical Care VenturesHDS CapitalLayout VenturesMeridian Street Capital+5 more

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 2

IPOs and acquisitions across the tracked portfolio

MercadoLibreNASDAQ: MELIAvitideacq. by Repligen

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Sands Capital Ventures invest at?
Sands Capital Ventures invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Sands Capital Ventures's typical check size?
Sands Capital Ventures typically writes checks of $10M – $30M.
What sectors does Sands Capital Ventures focus on?
Sands Capital Ventures focuses on AI & Machine Learning, Biotech, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Energy, Healthtech, Robotics, Semiconductors.
Where is Sands Capital Ventures located?
Sands Capital Ventures is headquartered in Arlington, US.
Who does Sands Capital Ventures co-invest with?
Sands Capital Ventures most often shares deals with Entrée Capital, Highland Europe, In-Q-Tel, among 6 tracked co-investors.

Images

Sands Capital Ventures photoSands Capital Ventures photoSands Capital Ventures photoSands Capital Ventures photoSands Capital Ventures photoSands Capital Ventures photo

Co-investors · 9

FPV

FPV Ventures is an early-stage investment firm that backs mission-driven founders.

Both backed · 1
$100K – $5M
Florida Funders

Florida Funders is a venture capital firm that invests in early-stage B2B technology companies and supports founders with a network of accredited investors, media distribution, and operational help.

Both backed · 1
$50K
Notable Capital

Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.

$5M – $50M
Decibel Partners

Decibel Partners is a venture capital firm that invests in early-stage companies, established through a partnership with Cisco.

$100K – $10M
BDC Venture Capital

This is the Analysis and Research section of BDC (Business Development Bank of Canada), publishing studies, surveys and reports on issues affecting Canadian small and medium-sized businesses.

$365K – $25.6M
33N

33N is a European venture capital firm that invests globally in category-leading companies across cybersecurity, AI, and defense.

$4.3M – $13M
Mozilla Ventures

Mozilla Ventures invests in mission-driven founders whose products align with the Mozilla Manifesto, focusing on companies building outside the influence of big tech and academia.

Dreamcraft

Dreamcraft is a venture capital firm that invests in proprietary audiences, communities, and intellectual property that capture and monetize consumer attention, with a focus on gaming, media, betting, and sports.

IGT

IGT is a gaming technology company that, following its combination with Everi, supplies casino operators with slot games, cabinets, systems, digital platforms, and fintech solutions. It is an operating business rather than an investment firm.

Firms observed investing alongside Sands Capital Ventures, from public investor directories. Shared companies are the overlap with Sands Capital Ventures's recorded portfolio.

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